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of course. so trying to -- china is a much interest in canadian energy and natural resources. we are very much interested in building trust, strategic trust and cooperation with china. and from enable perspective, of course, i'll give you one sort of anecdote. you were referring to this the islands, two months ago i attended the western pacific naval symposium hosted -- and have the opportunity to sit between the deputy commander of the people's liberation army navy, and the commander of the ambassadors japanese maritime self-defense force, a euphemism for the japanese navy. it was at a time when the island was leading on cnn and bbc. i thought as i was sitting between two them there's an opportunity for a canadian to do something extraordinary from an naval diplomatic perspective and put this thing to bed. [laughter] >> how did that go? >> not too well, not too well. [laughter] which is my point. i spoke with the chinese admirals interpreter. i spoke with admiral commander in english, a great conversation. but never was the bridge build or even considered. and i think one of the key issu
-and-neck in manufacturing with china. now, that is a staggering statistic. we make 20% of the world's goods with about 10% of our economy. china makes about 20% of the world's goods with 40% of its economy. we are neck-and-neck as a manufacturer, and it's due to a six-time productivity advantage that we enjoy over china when it comes to manufacturing, and we even have a productivity advantage over countries like japan and germany, countries thought of as manufacturing leaders. i wondered, and i started asking myself, well, what is it that gives us this productivity advantage? what is it that gives american manufacturers this ability to compete? i wanted to go and talk to rail manufacturers because one of the things that when you're in washington and in bureaucracies, you know, you have a lot of people pontificating about the state of american manufacturing and what we need to do without actually engaging and talking to manufacturers, and, particularly, not talking to small and medium-sized manufacturers. the large manufacturers, the ceos, are often represented on policy think tanks, but the reality is al
's turn to the global economy. associated press reporting that china has surpassed the u.s. as the leading trade partner. this comes as china announces the inflation rate rose 2% one month alone. sign of an economy gaining strength. what does it mean? brenda buttner, anchor of "bulls and bears." i was reading this article where shoppers in beijing have seen the prices of vegetables double in one week alone. inflation is a problem over there. what is causing it? >> basically it's not a bad problem, it's growth. china has numbers we can only dream of, growth of about 8%, we're below 2%. their factory output was up 10%. retail sales, 15%. so it is basically growth driven not supply side driven which is the kind of inflation you want to see. it's only 2%, that is well below the target of 4% is. it came down from 6.7%. >> gregg: so it's an issue not really a problem and outweighed by the huge growth. how does the inflation american consumers if at all? >> we buy a lot from china. it may be that some of the input may be more expensive. we may have to pay more, but it's more that china is becomin
for the group. he was promoted second-in-command earlier this year. >>> back to the economy now, china apparently going on an american spending spree. a chinese company agreed to buy a big chunk of insurance giant aig for more than $4 billion after the company got a huge bailout during the u.s. financial crisis. that is not the only bargain that china is picking up from u.s. taxpayers lately. stuart varney on this morning, head of "varney & company" on fox business network. good morning, stuart. good to see you. >> good morning, martha. martha: they're gobbling up our assets in many ways . what do you make of it. >> they are spending the money they have got buying american assets cheap. you mentioned aig. a chinese company is paying $4 billion for aig's plane leasing business. aig remember got $189 billion as a bailout fund that was back in september of 2008. the taxpayers still are the largest shareholder in aig. we sold the plane leasing business to china cheap. second item, a 123 batteries, americans taxpayers gave that company $249 million in grants and another 250 million in tax s
other. they discovered they were twin sisters separated from birth in china it is against the one of the girls was given up for adoption. they share mannerisms and they were married in the same year. the husband has the same first name. >> steve: and they dress alike. >> gretchen: what a fantastic story. the rest of the headlines ttook over 50 years for the murderer of a 7 year old to b brought to justice. jack mccullah will be sentenced for the murder. it is one of the oldest unsolved crimes. he was dismissed as a suspect but arrested last year after the investigation reopened. >> steve: meanwhile a 22 year old woman in oregon jumped in her car and drove off after two kids tried to rob her at gun point. the boys later to be found 7 and 11 years old. demanded money and her phone. >> i was afraid he would shoot my tires or window. i didn't think i was safe. >> brian: the boys were caught and turns out the gun was not loaded it is not known how they got the gun. they were turned over to their familis and the case is expected to go to jv court. >> brian: two students are accused of b
critical issues. republican con sis tans on globalization, immigration reform, the china threat or middle east policy. conservatives couldn't even agree on sensible steps on healthcare reform other than to repeal obama care. the republican party will continue to be adrift unless conservatives, still the most influential group within the party have a clear sense of what they stand for and what policies will best serve their cause and the nation's. so beyond the fiscal cliff resolution, we need to find better messengers, better candidates who are also media and tech savvy. whatever our differences, we can all agree as conservatives on a philosophy grounded in limited government, the free market and the judeo-christian tradition and this should be attractive to young and old black and white male or female voters. the most important thing is that we not despair. the problems we face today are no worse than the ones conservatives faced in the 1970 os when remember they had to deal with a weak economy and aggressive soviet union and the fallout from vietnam. they overcame those problems and the
. >> brian: millions of dollars in a green company only to sell it to china? stewart varney with another waste of your money. he's coming up now. ♪ it's my favorite time of year again and now -- i got a great new way to get deals. it's called bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i pay. and i get as much as 15% cash back -- put into my account. this is cash back on top of other rewards i already get. best of all -- it's free. happy holidays. [ male announcer ] introducing bankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? ♪ >> gretchen: if you are just waking up it is 17 minutes past the top of the is it like a fire sale on america interest? china buying up u.s. compani
deficit to china being $29.8 billion per month. that is just one country. you start to add up all the trade deficit that we have with all of these different trading partners over the years, i am sure that it is close to about $1 trillion per year. >> thank you for the comments. let's go to sarasota next. caller: good afternoon. the way that i look at it, as a 74-year-old professional pharmacist with a minor in economics, the reason i am independent is because republicans and democrats cannot seem to get it together. the biggest problem that we have now is the reason why we cannot do what we are supposed to do for the entire country. one middleman adnan grover norquist. someone who was never even elected. here is a man that has caused all the problems. all of the republicans have signed this pledge, which to me is unconstitutional. without him, we would not be talking today. >> salem, oregon, republican line. you are on the air. caller: good morning. as a college student, and i have listened to every single caller, this is an embarrassing day for our country. i am a first-time job
approach to this, and governor romney's statement labeling china a currency manipulator on day 1 suggests taking a tougher alignment with china may be an issue, is worth pursuing. we will see not an enormous change but probably a check up in preparation and confrontation, oversight. >> anyone else? >> i suspect on detention policy we won't see a lot of change. we did not see a lot of change from the bush and administration to the obama administration, the obama administration argued that the protection should not extend to the circuits, congress wanted to keep the courts out more than they have when they passed the military detention acts and everything else in 2006 and tried to correct for what they saw as the court trying to extend jurisdiction, they have established a line, i do not see they can't push back against that line and the battle lines that performed at this point. >> i basically agree with greg the obama administration continued, without any change whatsoever. and on the ground, on the question, with new detainee's, the legacy cases are not going anywhere. governor romney wo
. if you look at the facts, 32% of our manufacturing base has been gutted and sold to china, india, any foreign country that has cheap labor. the top patriotic american companies are parking their profits and offshore accounts so they do not have to pay a fair share of their taxes. the bottom line is since the late '70s, the wealthiest 2% in this country are making 25 times their wealth that they made a black -- back then. there are only paying 40% more in taxes. this country is doomed if we do not start putting terrace of the imports coming into this country. the republican party is selling you an outright lie. thank you. host: let's show you a facebook posting. the economist and professor at the university of maryland will be with us and about 25 minutes or so. he will take your calls and give you his economic outlook for 2013. he has written a lot on the matter. from west virginia, independent. caller: is, sir. i would just like to say that i am not very optimistic above the future of the united states right now. we are in so much that it is pathetic. our budget is way over. this pre
septemberable to an attack. gregg: a new report that the u.s. has now overtaken china a critical category. how american shoppers helped lead the way. ♪ [ male announcer ] you've reached the age where you don't back down from a challenge. this is the age of knowing how to make things happen. sowhy let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask your doctor if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor. you have a plan? first we're gonna check our bags for free, thanks to our explorer card. then, the united club. my motr was so wrong about you. next, we get priory boarding on our flight
. as far as china is concerned, we don't tariff, we don't put that high of a tariff on their imports but yet i don't know the exact numbers but i believe it's a lot higher that they tax our imports in their country. and the whole thing with jobs. he created the apple scommuret in california in his garage but yet when he got successful he moves all his company over to china, giving chinese people jobs. if steve jobs was born in china he wouldn't even have a garage therefore he wouldn't be able to create the apple computer. so i just think we just don't do enough for the people of this country. and the people who are in position to create jobs and do this do not reinvest in the country. therefore i don't think they should get tax breaks. if you want to give these corporate giants tax breaks then give it to those who want to invest in the country, who want to create jobs here, not overcease, and they think try to think of ways to get their money over there into here lower than say the american businessman paying 35%. guest: i mean, i understand your frustration. i think part of it is th
it is with cheap natural gas. natural gas is $60 in japan. fourteen dollars in china. it has been an economic miracle. if they want to cut, perhaps, millions of jobs and kill any sort of a manufacturing renaissance, go for. i think they will get their money from them. i think they will hijack the industry in respect to that. natural gas has been great for this country. this particular stock, speaking of earth, i would say $42.90 would be a good number for them. lori: the manager is at the center of what the feds are calling the largest ever insider-trading case. charlie gasparino joined us in the case against matthew martoma adam: war spending and buying from the federal reserve. ♪ >> 21 minutes past the hour. this is your fox news minute. and american soldier has been attacked in afghanistan. that is all coming just hours after leon panetta left the area. the pentagon confirming a new goal board explosive device. a north korean satellite reportedly tumbling out of control and space at this hour following a rocket launch last week that sent it into orbit. the fence secretary saying the laun
iphone in china. apple sold more than two million iphone fives during the first three days they were available. this is the first time apple has given sales numbers for an iphone. >>> in overnight markets china closed with half a percent gain. japan's nikkei finished up 1% after weekend elections there spurred optimism about policy reforms. but rest of asia posted declines over concerns over the fiscal cliff here in the u.s.. >>> speaking of the u.s.. right now futures indate a slightly mixed opening with a higher opening for the dow and s & p but the nasdaq may drop a little bit. right now the european markets most are trading lower as well. >>> time now 5:20. the first public appearance for the duchess of cambridge since being treated for morning sickness. we have video of her first night out. also we'll take a look at the nurse who took her life after a radio station hoax involving the duchess. we'll tell you how she is being remembered. >>> we'll tell you why some parents are threatening to sue over yoga classes in schools. >>> you can wake up with ktvu every morning. get the mor
by most markets overnight. only china finished with gains as it is bouncing back from a four-year low. futures indicate a four-year low, no big moves but what we saw is them testing the 13,000 level but the nasdaq and s&p 500 all slipped a bit yesterday. oracle will play quarterly dividends and it is an effort to avoid tax hikes for its investors. it will pay dividends to total 18 cents a share. starting in january, they will tax it as order income unless they reach a compromise on federal spending. >>> time now 519, could it be a new job for hillary rodham clinton, after stepping down for secretary of state. >>> and the biggest gain for the head coach, why they are on a leave of accident tort team. >>> you can wake up every morning, get the top stories sent straight to your cell phone, every week day morning, 6:00 a.m. you can get your wake-up call by texting the word wake up to 70123. have a good night. here you go. you, too. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the deale
in germany or alabama. want them in lexington, kentucky or china? >> you mentioned germany. volkswagen opened a plant in chattanooga a few months ago, 2,000 new jobs. bob corcoran was down there. 2,000 jobs, every one of which started at $14.50 an hour. >> right. they're not all going to be at -- >> so volkswagen was moving these jobs here because we're the low wage country compared to germany. >> dude, are you suggesting we push these jobs away? >> i'm not. >> i would rather americans have a shot at a $17 an hour job than having it in china. >> i agree. >> find a way to do better. i actually agree with you. but you have to understand the consequences are pretty severe for american lifestyles. >> again, though, i'm sorry, mike, but the consequences are, we have two choices, we can't get 1965 wages, we either have these jobs in china or lexington, either have them in alabama or germany and this is at least for some of -- a chance for younger americans to get some good jobs. >> joe, if you're taking a job that pays $14.50 an hour. it means one of two things, a, you don't have a job so you're ge
would be short yen and long japanese stocks. >> people watching not just january but china. ir ir ir iron oar a lot. >> let's get more insight from steve from web bush securities. how much of a nail biter is this for you in terms of fiscal cliff and the markets? >> i think pretty clear at this point that if there's a deal coming, it's gonna be coming very, very soon. i think the markets discounted the fact we are going to get some sort of deal t has held up fairly well here and i think if we don't get a deal, we will see a selloff. i don't know how considerable, but certainly see the 2, 3% decline in the market. >> does it amaze you, steve, that the markets, in your view, still consider a given that we are going to reach a deal? here we are thursday, december 27th. they still haven't issued a 48-hur notice for congress to return to capitol hill and yet you're saying the markets have baked in some sort of deal? >> yeah, i think so. i don't in he isly think the deal happened december 31st. if we pass waite without a deal earthquake the market will think something is going to happen in
then? >> what are you going to do? you need another source of income. >> steve: call china! >> can we borrow more? you're already going to raise the medicare tax to help pay for obamacare. you're already raising the tax on some drugs to pay for it. what are you going to do now? if you don't get the medical device tax through, and you don't get the $29 billion, what are you going to do? you're right, steve. call china, let's borrow more. >> steve: so many people are fixated on the fiscal cliff and the president wants to jack up taxes on people who are successful. up to maybe about 40%. that's one of the theories out there. he'd love 40%. but a lot of people forget about the medical device tax, plus all the obamacare taxes already baked into the equation. >> it's a tax here, a tax there, a fee there, a fee here, everything goes up. medical care gets more expensive. not less expensive. >> steve: he talks about money. he talks about politics. he talks about all sorts of stuff on fox business, 9:20 eastern time. the great stuart varney, thanks for dropping by. >> thank you. >> steve: all r
, serbia, turkey, china and elsewhere. now the big question, since we're still here, what to to do about dinner? it could be end of traumatic stay in mexican jail for former u.s. marine arrested on vacation. correspondent steve harrigan has the story of an effort to get their son home for the holidays. >> john hammer's family goal was to get him home by christmas now. his parents, lawyer and congresswoman all say they expect his release today. >> amen, hallelujah, wonderful early christmas president for the family. the community rallied for john's liberty. >> the 27-year-old former marine is a combat veteran who served in iraq and afghanistan. after treatment for post traumatic stress disorder he and another former marine bought a used winnebago and planned surfing trip through mexico and costa rica. hammer's family maintains he declared the antique rifle he planned to use the hunt birds to custom agents on both sides of the border. he was arrested after entering mexico a taken to the notorious prison filled with drug cartel where for a time he was chained to a bed. his parents began to
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, potato with bacon... [ male announcer ] progresso. you gotta taste this soup. gregg: china is unveiling the world's longest high-speed rail train this week. 1500 miles long, it runs from beijing to the south, and the train on this high-speed rail line initially ran 186 miles per hour. can you believe that? cutting between the two cities. china's railway system has a checker ored past, it has been riddled with accidents including the latest crash involving a bullet train which killed 40 people. remember that? july. patti ann: well, anxiety is rising over big tax hikes and spending cuts set to kick in on january 1st. a growing number of lawmakers saying they are skeptical that a deal can be reached in five days to avoid the fiscal cliff, especially with the main sticking point coming down to whether to increase taxes for top earners next year among many other things. byron york, now, of "the washington examiner" joins us to talk about this. good morning, byron. >> good morning, patti ann. patti ann: so we're going to show a full scream of what would happen if -- full screen of what would
. >>> researchers in china found a way to create blood cells using urine. researchers hope to one day use the new technique to treat diseases such as alzheimer's and parkinson's. >>> san francisco renters could soon find out ahead of time if they will be living next door to smokers. san francisco's board of supervisors could soon require landlords to give potential tenants a list of apartments where smoking is allowed. a city committee approved a plan and the board is expected -- board is expected to vote on it next ban. >>> 7:23. where is the smartest city in north america? one website says san francisco is the second smartest city. san francisco has a lining entrepreneurial economy -- this rhining entrepreneur economy, the report says, but they say it is near colleges and universities. behind san francisco are seattle and vancouver. >>> 7:23. we want to check in with sal. see what's happening on the roads. sal? >> yeah. boston has harvard. >> right. >> let's take a look at what we have. it's cambridge, technically. but you know what i mean. southbound 880, we have slow traffic. we also have slo
tougher sanctions on north korea but without support from china, options could be limited. this is video from overnight of the celebrations in north korea after the successful rocket launch. many countries believe it is north korea's way of testing its long-range ballistic missile technology. of course, the united states is very concerned about north korea's weapons capabilities this year. robert gates said north korea was within five years of being able to strike the continental united states. the white house condemns the missil launch calling it a highly provocative act that could impact stability in the region. alison burns, ktvu channel 2 news. >>> pope benedict really 16 is now part of the -- pope benedict is now part of the twitter nation. he already has more than 1 million followers who will read miss messages in english, arabic, polish and four other languages. >>> 8:16. pavi shankar has died at the age of 92. boy. he was good. he was known as the good father the world music. in fact -- known as the godfather of world music. in fact, the beatles gave him that name. he continued t
little contact with anyone except for his mother. >>> in china 500 people have been detained for spreading rumors that the world will end this friday. they belong to a group called almighty god. they are accused of preaching about the mayan prof if hecy that some believe the world will end this friday -- prophecy that some believe the world will end this friday. >>> and here in the bay area, a group of scientists plan to get together and debunk rumors of the doomsday. they will be at deer valley high school and plan to explain what the myian calendar is about and why friday's date does not mean the end of the world. the presentation is from 4:00 to 7:00 p.m. >>> the drakes oyster bay says it will challenge the agreement that will allow the company to plant and grow new oysters. now, the new deal was reached so some of the employees could keep their jobs through the holidays. the mobile homes those workers live in will not have to be removed immediately. drakes bay has until march 15th to remove all personal problem. >>> 8:15. a closed-door briefing in washington this morning.
how about a dip in the a frozen river? part of annual tradition in north even china. hundreds of people gather to honor the country's national swimming day and. they don't have a problem with the cold water but the air temperature, 18 below zero. that could be a little nippy. uma: indeed a refreshing little dip there. jon: that i would not do. uma: that you would not do. jon: not in 18 below. uma: no way. defiant new move out of the iran, test firing missiles near one of the most important passageway for the world's oil supply. what this could mean next. >>> plus a shell oil drill ship stranded at sea. how it happened and what the coast guard is doing to get it safely back to port. uma: we are following some disturbing developments out of iran. the country's navy is reportedly test firing a range of weapons including torpedoes and missiles near the strategic strait of hormuz, a vital passageway for 1/5 of the world's oil supplies. joining us to the discuss the possible ramifications, aaron david miller, a former advisor to six secretaries of state and vice president of the woo
one in canada and belgium and sick man who took a buechler knife and hacked babies in the cribs china. these crimes never happened in human history. we feet the sickness video games. and i train law enforcement and i spend more time on the road training military and law enforcement than anybody else in america. we know how to use simulators to create continues to enable people to kill in combat. the class and social learning models and desensitizing and programming that we put in programs for cops and military are done with the kids. we got to get mad and passionate about the schools that refuse to protect our kids. >> peter: you made a great point. you say, it is obvious. how do we fix it? >> number one parents have to be informed. we have laws against pornography and alcohol and sex and fire arms. and there are laws to help the parentsment the partnerships have to be reform would. m rate video game is same as x-. no child under 17 should play it time out and you are raising a killer. not every kid will be but you may be the victim and it is on your hands. >> we don't know the connec
are pretty similar. we face the same issues with a competitive ship to economic power to china and the like. we have to educate our children better. we're doing the things. i think the issues we take on entitlement reform and education reform, these are the things that the u.s. congress and administration have to tackle in the next year on or so. >> what about europe? will the euro zone up stick together and will the uk start part of the union? david cameron said in the last couple of days there may need fob a referendum on that. >> the euro zone will stick together. they made a decision through this year. they made a decision to keep themselves together, and britain be want to be a fully fledged member of the european union and not of the euro zone. we don't have to merge our kurn stee, we don't have to american our budget policies, we don't have to do all the things they need to do to make their currency work. by the way, alexander hamilton taught us all you need to do to make single currency work a couple years ago. >> here's a point of view from the upcoming issue of the new york magazi
Search Results 0 to 31 of about 32 (some duplicates have been removed)